CHELLARAMS : QUARTER 1 - FINANCIAL STATEMENT FOR 2024

CHELLARAMS PLC 1

First Quarter Reports and Consolidated and Separate Financials Statement

30 June 2023

CHELLARAMS PLC - RC 639

QUARTERLY FINANCIAL STATEMENTS

FOR THE PERIOD

ENDING 30 JUNE, 2023

CHIEF SURESH M. CHELLARAM	MR. ADITYA S. CHELLARAM
Managing Director	Chief Executive Officer
FRC/ 2013/IODN/00000005336	FRC/ 2013/IODN/00000005335

CHELLARAMS PLC 2

First Quarter Reports and Consolidated and Separate Financials Statement

30 June 2023

CONTENTS

Compliance Certification	3	- 4
Security Trending Policy	5
Shareholding Structure	6
Compliance	7	- 8
Consolidated Statement of Comprehensive Income	9
Consolidated Statement of financial Position	10
Statement of Cash flows	11
Statement of Changes in Equity	12 - 13
Summary	14
Notes to the Financial Statements	15 - 33

CHIEF SURESH M. CHELLARAM	MR. ADITYA S. CHELLARAM
Managing Director	Chief Executive Officer
FRC/ 2013/IODN/00000005336	FRC/ 2013/IODN/00000005335

CHELLARAMS PLC 3

First Quarter Reports and Consolidated and Separate Financials Statement

30 June 2023

CHIEF SURESH M. CHELLARAM	MR. ADITYA S. CHELLARAM
Managing Director	Chief Executive Officer
FRC/ 2013/IODN/00000005336	FRC/ 2013/IODN/00000005335

CHELLARAMS PLC 4

First Quarter Reports and Consolidated and Separate Financials Statement

30 June 2023

CHIEF SURESH M. CHELLARAM	MR. ADITYA S. CHELLARAM
Managing Director	Chief Executive Officer
FRC/ 2013/IODN/00000005336	FRC/ 2013/IODN/00000005335

CHELLARAMS PLC 5

First Quarter Reports and Consolidated and Separate Financials Statement

30 June 2023

SECURITIES TRADING POLICY

The Company has securities trading policy applicable and circulated to directors, insiders, external advisers and all employees that may at any time possess any inside or material information about our company.

The Company has adopted a code of conduct regarding securities transaction by the directors on terms no less exacting than the required standard set out in the Listing Rules of the Nigerian Stock Exchange.

The Company made specific enquiry of all directors whether they have complied with the required standard set out in the listing rules and the Company's code of conduct regarding securities transactions by directors and the company is unaware of any non‐compliance.

DIRECTORS' SHAREHOLDING

The Directors' interest in the issued share capital of the Company as recorded in the Register of Members for the purposes of Section 301 and 302 of the Companies and Allied Matters Act, 2020 and the listing requirements of the Nigerian Exchange Ltd (NGX) for the period under review are as follows:

Names of Directors	Direct Holding	Indirect Holding	% Holding as	% Holding as
as at March 31,
	as at March 31,	at March 31,	at March 31,
	2022
	2022	2022 (Direct)	2022 (Indirect)
Chief S. M. Chellaram	-	289,170,000	-	40%
Mr. A. S. Chellaram	-	118,571,292	-	16.40%
Asiwaju S. K.	2,762,012	17,121,688	0.38%	2.37%
Onafowokan

• Asiwaju S. K. Onafowokan represents the interest of Eskay Investment Limited
• Chief S. M. Chellaram represents the interest of Chellsons (Bermuda) Limited
• Mr. A. S. Chellaram represents the interest of Westfield Consultants Limited

CHIEF SURESH M. CHELLARAM	MR. ADITYA S. CHELLARAM
Managing Director	Chief Executive Officer
FRC/ 2013/IODN/00000005336	FRC/ 2013/IODN/00000005335